On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney covers trending market stories related to the Dow index, Amazon (AMZN ) , and Funko (FNKO ) . Later, he previews the upcoming earnings reports of American Express (AXP ) and IBM (IBM ) .
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Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Despite early losses from broader indexes, the Dow fought for morning gains Wednesday and looks poised to nail its longest win streak since May. Industrials and financials displayed strength today, while investors showed some hesitation toward tech.
Meanwhile, e-commerce behemoth Amazon released information about this week’s historic Prime Day, which apparently saw the most one-day Prime member additions in the company’s history. Amazon was criticized during Prime Day as its site encountered various hiccups, but slowdowns apparently did not put a dent on the celebrations.
Investors on Wednesday were also feeling the Fortnite buzz as shares of toy maker Funko gained on the back of its new deal with Epic Games. The Fortnite maker made a licensing agreement which will see Funko produce a line of branded toys and collectibles.
Ryan recaps these stories and gives his own perspective on today’s breaking news during the first half of the show!
Later, the host speculates as to whether American Express and IBM will help the Dow continue its streak with their earnings reports this afternoon.
Ryan prepares investors for these reports by exploring earnings estimates, revision trends, valuation history, and other key data for each company. Don’t miss your chance to hear everything you need to know ahead of these earnings announcements!
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Paragon (CURRENCY:PRG) traded 9.7% higher against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on July 18th. In the last week, Paragon has traded up 38.9% against the U.S. dollar. Paragon has a market cap of $8.12 million and $219,166.00 worth of Paragon was traded on exchanges in the last 24 hours. One Paragon token can currently be purchased for $0.12 or 0.00001654 BTC on cryptocurrency exchanges including Livecoin, Tidex and HitBTC. 
Koninklijke Philips (NYSE:PHG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday. 
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; and owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility. As of December 31, 2017, it served approximately 84,200 metered water customers in Delaware, 2,300 metered water customers in Maryland, and 40 customers in Pennsylvania through 1,293 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It provides water production, storage, treatment, retail distribution systems bulk transmission, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services. The company offers its services to wholesale customers, which include commercial and industrial customers, and local governmental entities that provide water and wastewater services to their end-use customers. It also leases its farms. The company was founded in 1976 and is based in Watkins, Colorado.